Construction Insurance in White House, TN

Operating a construction business comes with both rewards and risks. It’s essential to obtain a well-rounded insurance policy and keep it up to date as your business evolves to help mitigate risks.

When Should I Get Construction Insurance?

Construction companies typically need insurance before signing contracts, as most clients will require proof of coverage. Having the right policies in place can protect your business from financial losses due to accidents, legal claims or unexpected setbacks.

What Are the Common Challenges in Construction Insurance?

Construction projects face several key risks, including the following:

Defects in construction or design errors may lead to costly repairs or legal disputes.

Delays caused by weather, supply chain disruptions or faulty equipment can impact project timelines or budgets.

Equipment damage or theft can potentially cause financial losses and work stoppages.

Injuries to workers or third parties on-site can lead to liability claims or workers’ compensation costs.

What Additional Coverage Do Construction Companies Need?

Construction companies should consider the following coverage options:

General liability insurance can help cover claims related to third-party injuries, property damage and other accidents during a project.

Workers’ compensation is legally required in most cases. It can help cover the cost of injuries, medical expenses and lost wages for employees injured on the job.

Commercial auto insurance can help financially protect you if an accident occurs involving work vehicles.

Builders risk insurance can help financially cover new construction projects, installation work and remodeling. It can help pay for claims of property damage, theft, weather damage or other risks during the construction process.

Professional liability insurance can help financially protect against claims related to errors, omissions, or negligence in construction or design work, covering legal fees, court costs and settlements.

Contractors tools and equipment insurance can offer financial protection for tools and equipment against theft, vandalism, fire, severe weather and other unforeseen events.

Learn More

For insurance near you, contact Wilkinson Insurance Agency.